$SOL is trading around 130.69, down roughly 1.42% on the session. Price is drifting lower after failing to hold recent rebounds, with momentum cooling following the earlier rally.
Key price action
• Strong move from the 123.11 low to a peak near 146.91
• Price faced heavy rejection from the upper resistance zone
• Current action shows SOL slipping back toward range support
Why the move happened
• Profit-taking kicked in aggressively near the 145–147 supply area
• Buyers failed to sustain strength above the 135–138 region
• Volume has faded on the bounce attempts, signaling weak follow-through
Trend & structure
• Overall trend: neutral to slightly bearish on the 4H timeframe
• Market structure: range-bound with lower highs forming
• Bullish structure weakens if price continues to stay below key MAs
Key levels to watch
Support
• 130.00 immediate psychological support
• 127.00 – 125.00 major demand zone and prior base
Resistance
• 132.50 – 134.00 first resistance zone
• 137.50 – 138.50 key resistance
• 146.90 major supply and recent high
Indicators & bias
• Price is below the 7, 25, and 99 MA
• The 99 MA around 135 is acting as dynamic resistance
• Bias remains cautious to bearish unless SOL reclaims 134 with strength
Trading idea
If $SOL holds the 130 support, a short-term bounce toward 132.5–134 is possible. Any move into resistance without strong volume may face rejection. A clean breakdown below 127 would confirm further downside and expose the 125 zone.
Short summary
$SOL is consolidating after a strong rally but losing momentum. Structure is weakening, sellers are active near resistance, and the next directional move will likely be decided around the 130 support level.
